The Local Switzerland

Greece investigates Swiss pharma for bribery

Mon, 10 Apr 2017 10:24:34 +0200

Greece's justice minister on Friday said Swiss pharmaceutical giant Novartis had likely bribed "thousands" of doctors and civil servants to promote its products, amid an ongoing probe.

Swiss pharma stocks fall after Trump speech

Thu, 12 Jan 2017 12:15:04 +0100

Swiss pharmaceutical firms saw their stock prices drop on Thursday morning after US President-elect Donald Trump used part of his chaotic press conference the day before to say the US should negotiate better prices from drug companies.

Swiss pharma swallows US capsule maker

Thu, 15 Dec 2016 11:27:51 +0100

Swiss pharmaceuticals and life sciences group Lonza said on Thursday it had bought US capsule maker Capsugel for $5.5 billion as it focuses more on health care.

Swiss pharma giant buys US sickle cell lab

Mon, 21 Nov 2016 09:27:32 +0100

Swiss-based pharmaceuticals giant Novartis said on Monday it was acquiring Selexys Pharmaceuticals Corp., a US research lab in blood and inflammatory disorders, in a deal costing up to $665 million (627 million euros).

Swiss pharma in hot water over South Korea violations

Fri, 12 Aug 2016 10:39:53 +0200

Swiss pharmaceutical giant Novartis risks seeing some of its medicines banned in South Korea after company executives were charged with offering illegal discounts to doctors, the Financial Times reported on Thursday.

Strong dollar takes bite out of Novartis sales

Tue, 21 Jul 2015 15:08:54 +0200

Swiss pharmaceutical giant Novartis reported $4.1 billion (€3.8 billion) in income for the first half of the year, down 20 percent, due largely to a stronger dollar.

US pharmacy chain buys out Swiss-based rival

Tue, 30 Dec 2014 10:02:41 +0100

Shareholder of US pharmacy chain Walgreens has approved a $16 billion takeover of Swiss-based rival Alliance Boots that creates a global leader in the drug store business.

Roche reveals towering plans for Basel site

Thu, 23 Oct 2014 13:17:00 +0200

Swiss pharmaceutical giant Roche is to invest three billion francs ($3.14 billion) in its Basel headquarters over the course of the next ten years in a massive redevelopment project which includes the construction of the tallest building in Switzerland.

Activist jailed for six years in Vasella case

Thu, 17 Apr 2014 17:48:00 +0200

A British animal rights activist was jailed for six years on Thursday for her part in a Europe-wide campaign of intimidation targeting Huntington Life Sciences, an animal testing company linked to Swiss pharma giant Novartis.

Roche head talks up Novartis 'relationship'

Tue, 01 Oct 2013 16:47:49 +0200

The head of Swiss pharmaceutical giant Roche is open to renewed cooperation with competitor Novartis, he told the Financial Times in an interview published on Tuesday.

Credit Suisse and Roche post jump in profits

Thu, 25 Jul 2013 10:54:00 +0200

Swiss banking giant Credit Suisse has reported a 32 percent rise in second-quarter profit from a year ago to 1.04 billion francs, largely thanks to a strong trading performance.

Roche halts drug supply to Greek hospitals over unpaid bills

Mon, 19 Sep 2011 12:50:00 +0200

Swiss pharmaceutical giant Roche has stopped delivering its medicines to some Greek hospitals as they have failed to pay their bills, a spokesman confirmed on Sunday.